Regional Banks had a great week. Lots of them are testing big breakout levels and making new highs.
Some examples are:
Brookline Bancorp: In the small cap SCTR ranking.
Independent Bank Corp (IBCP) is starting to move. It is also increasing the dividend consistently.
Live Oak Bankshares (LOB) IPO'd three years ago. After consolidating all of 2017 it looks to be on the move again.
There are lots of interesting new highs showing up. If you look through the Predefined Scan results on the right hand side of the Free Charts tab, you will find some 2018 gems for your portfolio.
Good trading,
Greg Schnell, CMT, MFTA
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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